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cliff of american politics and just what it bodes for all of us that's up next with lower mr with kind of the account from washington i'll be back with more news in just over half an hour. culture is that so much of a different issue a huge musician apparently finding the mark with kurds would seem like a fantasy only two years ago could become a reality very soon but a strong sense of identity and spread across the middle east because. if. russia would be soon which brightened if you knew about someone from finest impressions. whose friends don't on t.v. don't come. to the east be july which. means programs and documentaries in arabic it's all here on all t.v. reporting from the world talks books that will be our piece interviews for intriguing stories for you to. see in troy the arabic to find out more visit arabic don't all teeth dot com. you. could afternoon welcome to capital account i'm lauren lyster here in washington d.c. these your headlines for tuesday december fourth two thousand and twelve the g.o.p. has made a counteroffer to the white house on the fiscal cliff and the end
cliff of american politics and just what it bodes for all of us that's up next with lower mr with kind of the account from washington i'll be back with more news in just over half an hour. culture is that so much of a different issue a huge musician apparently finding the mark with kurds would seem like a fantasy only two years ago could become a reality very soon but a strong sense of identity and spread across the middle east because. if. russia would be soon which brightened if you knew...
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we edged a little closer to that fiscal cliff and two very lucky americans are a whole lot rier. a look back now at the week that was. >> the fiscal cliff now just 34 days away. >> we only have a couple weeks to get something done. >> this is not a game. >> i'll sign this bill as soon as congress sends it me way. >> susan rice faces more backlash. >> i still have many questions that remain unanswered. >> there are no unanswered questions. >> somebody somewhere is waking up filthy stinking rich. >> lottery mascot doing gangnum style for us this morning. >> the week centered on a big worry. >> this fiscal cliff. >> fiscal cliff. >> we could go off this fiscal cliff. >> we are facing a fiscal grand canyon. >> reporter: it's a big deal, question is, can these guys strike a deal? >> i have to repeat, i have a pen. >> reporter: meantime, damage control for u.n. ambassador susan rice, how to smooth things over this week with republicans after those benghazi talking points. >> extremist elements came to the consulate as this was unfolding. >> reporter: the didn't work, now, their talking
we edged a little closer to that fiscal cliff and two very lucky americans are a whole lot rier. a look back now at the week that was. >> the fiscal cliff now just 34 days away. >> we only have a couple weeks to get something done. >> this is not a game. >> i'll sign this bill as soon as congress sends it me way. >> susan rice faces more backlash. >> i still have many questions that remain unanswered. >> there are no unanswered questions. >>...
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he'll try to convince the american people the best way to avoid the fiscal cliff is to extend the bush era tax cuts for the middle class. >> it's too important for washington to screw this up. >> reporter: president obama is putting pressure on congressional republicans and he's enlisting middle class americans in getting the gop to take action on taxes. >> when the american people speak loudly enough, lo and behold congress listens. >> reporter: tomorrow he'll host a campaign style event where he calls on lawmakers to extend the tax rates on families making less than $250,000 a year. once that's done they can work on other details such as spending cuts and changes to the tax code, medicare and medicaid. >> he's out there campaigning for his position. i get it. we understand it. at the end of the day he has to lead on this issue. >> reporter: some republican lawmakers have said they are willing to compromise on the tax issue. oklahoma representative tom cole said the gop should sign off on the middle class extension. but house speaker john boehner isn't ready to budge yet. >> it will h
he'll try to convince the american people the best way to avoid the fiscal cliff is to extend the bush era tax cuts for the middle class. >> it's too important for washington to screw this up. >> reporter: president obama is putting pressure on congressional republicans and he's enlisting middle class americans in getting the gop to take action on taxes. >> when the american people speak loudly enough, lo and behold congress listens. >> reporter: tomorrow he'll host a...
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rough the biggest aspects of the fiscal cliff is the fact that tax rates are going to go up on all americans. the senate has passed a bill that would give the middle class 98% of the people their tax cut. it is done. it's in a package. it's sitting at our desk. and all that has to happen is for the house to take it up. the only reason they're not taking it up is they want millionaires and billionaires to get their taxes cut, too. and this was a big issue in the campaign, thomas. so why don't we, instead of throwing insults, why don't they just pick up and pass that part as their own republican, tom cole suggested, let's have some good faith here, and we'll hammer out the rest of it. >> so senator, one thing you say about show me the money, if we talk about the lack of structural changes that are out there for entitlements, nbc's first read makes that point about that saying that the white house is sending the message that if republicans want entitlement reform, they're the ones who have to propose it. so is the white house forcing republicans basically to do the dirty work on social safety n
rough the biggest aspects of the fiscal cliff is the fact that tax rates are going to go up on all americans. the senate has passed a bill that would give the middle class 98% of the people their tax cut. it is done. it's in a package. it's sitting at our desk. and all that has to happen is for the house to take it up. the only reason they're not taking it up is they want millionaires and billionaires to get their taxes cut, too. and this was a big issue in the campaign, thomas. so why don't...
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. >> woodruff: with 25 days left until the year-end fiscal cliff, and just 19 days until christmas, president obama warned lawmakers today not to add to the holiday pressures americans already feel, by letting the political stalemate drag on. but he also again insisted there would be no deal unless tax rates went up on the wealthy. >> the closer it gets to the brink, the more stressed we're going to be. >> woodruff: president obama made the short trip to northern virginia today to underline his plan to avert the fiscal cliff. at the home of what the white house called a typical middle class family, mr. obama said he's optimistic that agreement can be reached, but again drew a hard line for republicans in congress. >> everybody's is going to have to share in some sacrifice. but it starts with folks who are in the best position to sacrifice. who are in the best position to step up . just to be clear i'm not going to sign any package that somehow prevents the top rate from going up, the top 2% from going up. >> woodruff: the president phoned house speaker john boehner yesterday, their first dire
. >> woodruff: with 25 days left until the year-end fiscal cliff, and just 19 days until christmas, president obama warned lawmakers today not to add to the holiday pressures americans already feel, by letting the political stalemate drag on. but he also again insisted there would be no deal unless tax rates went up on the wealthy. >> the closer it gets to the brink, the more stressed we're going to be. >> woodruff: president obama made the short trip to northern virginia...
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the top senate democrats said they won't consider proposals to saw void the so-called fiscal cliff. not until the gop agrees that tax rates will go up on the wealthiest of americans. they said it from the beginning. president obama visited a family in virginia to layout his case. the white house says it is one of thousands of middle class families facing higher taxes if congress doesn't reach some sort of deal. house speaker insists the republicans will not go along with a higher tax rate for anybody, but an incrowsing number of republicans -- an increasing number of republicans are saying they will have to give in to democrats' demands. you know i read a number of websites that said republicans have waived the white flag on some issues, but not all of them. assuring republicans they don't have to vote for a tax increase. >> and it technically may be correct, but not many are buying this new strategy from the white house since the tax cuts from the middle class and those from the top 2% are both set to expire at the end of the year. the white house says congress really only has to e
the top senate democrats said they won't consider proposals to saw void the so-called fiscal cliff. not until the gop agrees that tax rates will go up on the wealthiest of americans. they said it from the beginning. president obama visited a family in virginia to layout his case. the white house says it is one of thousands of middle class families facing higher taxes if congress doesn't reach some sort of deal. house speaker insists the republicans will not go along with a higher tax rate for...
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if obama wants to take the country off the fiscal cliff, they need to go there. they seem afraid of that. do you see that. >> it's clear from the election that the majority of americans essentially voted for european levels of spending. you can't have european levels of spending. we're one percent under canada. there's no difference any more, not in terms of government spending. we're close to norway. we're not quite to sweden yet, but we basically are spending like europeans, but we're not taxed like that. the idea that you can close that gap, i think he figured out if he can make this level of spending permanent, he changes the united states into a european socialism democracy and he'll be the most congress consl president of the last hundred years. >> it seems like we're close. we're right on the edge with all of the predictable results. >> i think you can be spee den if you -- sweden. he's risking ruin on a scale unknown, and of course, the other obvious point is that the youeuropeans are only able to do that because in fact the us army lives in germany and a
if obama wants to take the country off the fiscal cliff, they need to go there. they seem afraid of that. do you see that. >> it's clear from the election that the majority of americans essentially voted for european levels of spending. you can't have european levels of spending. we're one percent under canada. there's no difference any more, not in terms of government spending. we're close to norway. we're not quite to sweden yet, but we basically are spending like europeans, but we're...
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we'll talk with ann coulter as we track the fiscal cliff negotiations. does the average american know what exactly this is? we went to the streets of new york to find out. >> it was something i probably learned about in school, but i'm guessing it's like a cliff like a mountain avalanche type of cliff. meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, withcause c-max alsoted beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12ears. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ so we created the extraordinarily comfortable sleep number experi
we'll talk with ann coulter as we track the fiscal cliff negotiations. does the average american know what exactly this is? we went to the streets of new york to find out. >> it was something i probably learned about in school, but i'm guessing it's like a cliff like a mountain avalanche type of cliff. meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate....
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give me your concerns or feelings as we approach this fiscal cliff. do you think we'll get a deal done, or are you anticipating we go over the cliff? >> we're americans. we have to get a deal done. this is really important, and it's important for health care. at some point in time, we're going to have to come to grips with the fact there's got to be revenue. you have to have some rate increases, in my opinion. charitable deductions are a non-starter for us. that's a big issue. universities, hospitals, we depend on charity and charitable donations. >> let's stop right there because i want to take one part at a time. the charitable deductions, this is one of those deductions within the tax code that's being debated. that and as well the mortgage deduction. you think that if that incentive to give money away, that incentive to help hospitals, health care, you think people will give less? >> i know that. there's no question in my mind. >> why? >> because people do not want to feel that they're giving and then that deduction is limited. i've had discussion
give me your concerns or feelings as we approach this fiscal cliff. do you think we'll get a deal done, or are you anticipating we go over the cliff? >> we're americans. we have to get a deal done. this is really important, and it's important for health care. at some point in time, we're going to have to come to grips with the fact there's got to be revenue. you have to have some rate increases, in my opinion. charitable deductions are a non-starter for us. that's a big issue....
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we'll talk with ann coulter as we track the fiscal cliff negotiations. does the average american know what exactly this is? we went to the streets of new york to find out. >> it was something i probably learned about in school, but i'm guessing it's like a cliff like guessing it's like a cliff like a you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12ears. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purche, everday! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great sinesses deserve great rewards! [ male announcer ] the spark business card from ca
we'll talk with ann coulter as we track the fiscal cliff negotiations. does the average american know what exactly this is? we went to the streets of new york to find out. >> it was something i probably learned about in school, but i'm guessing it's like a cliff like guessing it's like a cliff like a you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the...
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the fiscal cliff of american politics and just what it bodes for all of us that's up next well our lester. download the official ati application to cell phone choose your language stream quality and enjoy your favorites from alzheimer's t.v. is not required to watch all its hear all you need is your mobile device to watch ati any time of the. wealthy british style signs. on. the. market why not come to. find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune into cars a report. if. soon which brightened a few nibbles from finest impressions. screens totty dot com. will fall into the true science technology innovation all the news developments from around russia we've got the future covered. it all. skewed. good afternoon welcome to capital account i'm lauren lyster here in washington d.c. these are your headlines for tuesday december fourth two thousand and twelve the g.o.p. has made a counteroffer to the white house on the fiscal cliff and the endless conversation continues today with president obama giving
the fiscal cliff of american politics and just what it bodes for all of us that's up next well our lester. download the official ati application to cell phone choose your language stream quality and enjoy your favorites from alzheimer's t.v. is not required to watch all its hear all you need is your mobile device to watch ati any time of the. wealthy british style signs. on. the. market why not come to. find out what's really happening to the global economy with max cons or for a no holds...
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and you know, there are some taxes that would go up if we two off the fiscal cliff. you're talking about a family that makes about $50,000 having a tax increase of $4,000. melissa: congresswoman, this drives me crazy. when we look at all the numbers we immediately start talking about taxes. it seems like we're looking for revenue under every single rock. that's fine. even if we raised taxes that are proposed by the white house, it will raise $82 billion. it is one half of 1% of the problem. we have a $16.3 trillion debt. all of this talk about raising taxes doesn't get us even close to solving the problem. it doesn't even start the conversation. it is not a drop in the bucket. we've got to reform our spending or grow the economy. but just raising taxes isn't going to do it. >> well, i agree with you 100%. that's why the president as well as the democrats have called for a balanced approach. so of course we can't raise enough taxes to completely deal with the deficit. and you do have to do reforms. you need to reform the tax system. you certainly need to make addition
and you know, there are some taxes that would go up if we two off the fiscal cliff. you're talking about a family that makes about $50,000 having a tax increase of $4,000. melissa: congresswoman, this drives me crazy. when we look at all the numbers we immediately start talking about taxes. it seems like we're looking for revenue under every single rock. that's fine. even if we raised taxes that are proposed by the white house, it will raise $82 billion. it is one half of 1% of the problem. we...
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beginning to pay down its debt and avoid going over the fiscal cliff is raising tax rates on the wealthiest americans. >> we're going to have to see the rates on the top 2% go up, and we're not going to be able to get a deal without it. >> reporter: if republicans agree to do that, the president told bloomberg television, he'll agree to serious spending cuts. republicans have offered to raise taxes on higher incomes by $800 billion, not by raising tax rates, but by eliminating some deductions and loopholes. during last year's budget showdown, the president said he wanted to do exactly that. >> what we said was give us $1.2 trillion in additional revenues, which could be accomplished without hiking tax rates, but could simply be accomplished by eliminating loopholes, eliminating some deductions and engaging in a tax reform process that could have lowered rates generally while broadening the base. >> reporter: but now the president does not. he says it will not raise enough revenue. >> it's not me being stubborn. it's not me being partisan. it's just a matter of math. >> reporter: amidst all
beginning to pay down its debt and avoid going over the fiscal cliff is raising tax rates on the wealthiest americans. >> we're going to have to see the rates on the top 2% go up, and we're not going to be able to get a deal without it. >> reporter: if republicans agree to do that, the president told bloomberg television, he'll agree to serious spending cuts. republicans have offered to raise taxes on higher incomes by $800 billion, not by raising tax rates, but by eliminating some...
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go over the limit fiscal cliff rather than cave to republican demands for a continued tax break for the wealthiest americans. he made the statement in an interview with cnbc. >> i want to understand the administration's position on raising taxes for the wealthy, those making more than $250,000. if republicans and not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. there is no room for an agreement that the not involve the rates going up for the top 2%. >> speaking to a roundtable of corporate executives in washington, president obama said republicans' aid to examine the reality that tax rates will rise for the wealthiest americans. >> we have seen some movement in the last several days with some republicans. there has been a recognition that, maybe, they can accept some rate increases as long as is combined with a serious impediment reform and additional spending cuts. and if we can get the leadership on the republican side to take that kramer, to acknowledge that reality, then the numbers are actually not that far apart. another way of putting
go over the limit fiscal cliff rather than cave to republican demands for a continued tax break for the wealthiest americans. he made the statement in an interview with cnbc. >> i want to understand the administration's position on raising taxes for the wealthy, those making more than $250,000. if republicans and not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. there is no room for an agreement that the not involve the rates going up for...
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again, we need to build a temporary bridge to avoid the fiscal cliff and sort this out when we have time. >> jamie: all right. the american medical association initially endorsed obamacare and backtracked, too. we have to see what happens. i guess the president wants what he wants. we vehicle to see whether both sides can come together. thank you so much, john. have a great day. >> guest: thanks. >> jamie: eric? >> eric: jamie, fox news alert from egypt now. the top court of the country announced it suspended its work indefinitely. that because of the protest by supporters of islamist president mohammed morsi. the court was set to rule on the legitimacy of the islamist dominated panel that drafted the new constitution. but it now says it cannot operate in what it calls a "climate filled with hatred." steve harrigan live in cairo at the moment with the latest developments. not very encouraging, steve. good morning. >> reporter: certainly not. in a blow to the egypt constitutional court. judges were going to meet today but the building they were going to meet in was surrounded by protester
again, we need to build a temporary bridge to avoid the fiscal cliff and sort this out when we have time. >> jamie: all right. the american medical association initially endorsed obamacare and backtracked, too. we have to see what happens. i guess the president wants what he wants. we vehicle to see whether both sides can come together. thank you so much, john. have a great day. >> guest: thanks. >> jamie: eric? >> eric: jamie, fox news alert from egypt now. the top...
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does over that fiscal cliff what it will mean for the average american taxpayer. senator orrin hatch says disaster. >> if we don't act by the end of year, 28 million more families will be forced to pay the minimum tax. 24 million will be hit with tax and average middle-class family would see their taxes go up by $2,000. >> heather: dominic is financial advisor and joins us. so you say this fiscal cliff, its fiscal nuclear bomb. what are some of the elements that concern you most? >> let's starts with this was something created by congress and signed into law by president obama. so this is not a tsunami that just came by accident, mother nature. this was created by our elected public officials. should it go off, it will be nothing short of a nuclear weapon, a fiscal nuclear weapon. we have not only the increasing of capital gains taxes and marginal tax rates but 26-28 million americans are going to be subject to the alternative minimum tax. that is potentially $3700 additional tax liability. we have the elimination of the 2% social security benefit and up to $55 bi
does over that fiscal cliff what it will mean for the average american taxpayer. senator orrin hatch says disaster. >> if we don't act by the end of year, 28 million more families will be forced to pay the minimum tax. 24 million will be hit with tax and average middle-class family would see their taxes go up by $2,000. >> heather: dominic is financial advisor and joins us. so you say this fiscal cliff, its fiscal nuclear bomb. what are some of the elements that concern you most?...
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talk about that do you know the fiscal cliff. do you think a lot of americans do so then why is the media talking about it incessantly well so good there i i guess i'm not as informed as i should be but i just kind of figure it might work out do you think most people feel that way you know you think most people are worried i think they are and i think that if i ignored it all go away do you think calling it something like the fiscal cliff minimizes it yes and no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom that and the media loves that yeah do you think there's actually something to worry about or do you think it's something the politicians and the media used to distract us from what's really going on politics and media for sure so what's really going on that they're distracting us from. their own personal agendas people fall into a trip when it comes to reelecting. people that don't do their job. which is all of them you know in a w
talk about that do you know the fiscal cliff. do you think a lot of americans do so then why is the media talking about it incessantly well so good there i i guess i'm not as informed as i should be but i just kind of figure it might work out do you think most people feel that way you know you think most people are worried i think they are and i think that if i ignored it all go away do you think calling it something like the fiscal cliff minimizes it yes and no i definitely agree that it's a...
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many are calling for compromise to avoid the fiscal cliff. that's called into question the anti-tax pledge republicans have signed. iffer some lawmaker that is means no agreement. >> it is not the norquist pledge but the americans no tax reform pledge and the one thing really keeping republicans -- i don't know what republicans stand for. it looks like for this in washington, it's a host of things. at least the democrats are responsible enough to get loans from china. the republicans want to do it without paying for it without any fiscal discipline. at one point the republicans have to do it -- the pledge was the last they based it on. >> nothing was done, though. that's a bad thing, aaron. >> why? i'm not sure that it is. i'm not sure that this fiscal cliff really is a fiscal cliff. i think that it changes the baseline. republicans get better negotiating position on the other side when they are not scared to death of their own shadow and fearful of not looking reasonable. to think that the same joker who is got us this compromise will someho
many are calling for compromise to avoid the fiscal cliff. that's called into question the anti-tax pledge republicans have signed. iffer some lawmaker that is means no agreement. >> it is not the norquist pledge but the americans no tax reform pledge and the one thing really keeping republicans -- i don't know what republicans stand for. it looks like for this in washington, it's a host of things. at least the democrats are responsible enough to get loans from china. the republicans want...
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to take a lot of, a lot of what the fiscal cliff is. move a lot of the damage to the economy on january 1. let's go ahead and pass that. we can debate the upper income taxes and the spending later. it's not implausible, you can make a sophisticated argument why it's a mistake but as a first blush argument the president has the advantage. >> bret: juan? >> i think that you are starting to see much of the posturing and the poxing and the -- positioning and the democrats and president have advantage and trying to take advantage of it. you see it from the polls that come out and most people blame republicans if there is to deal. right now just what you saw from speaker boehner. speaker boehner says the president is asking for $1.6 trillion in terms of added revenue. boehner has come out and said he will do a deal with $800 billion, which is what the president was asking for before. what you have is the outline now, the early outlines of some in between spot where they could in fact find middle ground. then you have the democrats trying to p
to take a lot of, a lot of what the fiscal cliff is. move a lot of the damage to the economy on january 1. let's go ahead and pass that. we can debate the upper income taxes and the spending later. it's not implausible, you can make a sophisticated argument why it's a mistake but as a first blush argument the president has the advantage. >> bret: juan? >> i think that you are starting to see much of the posturing and the poxing and the -- positioning and the democrats and president...
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today the president held a campaign style event in pennsylvania to tout his proposal in the fiscal cliff negotiations saying that the american people made their economic wishes clear on the election day. >> obama: this was a central questions in the election. maybe the central question in the election. you remember. we talked about this a lot. at the end of the day a clear majority of americans--democrats republicans, independents--they agreed with a balanced. >> eliot: republicans meanwhile openly deride the president's proposal saying they're the ones taking negotiations seriously. >> the proposal that was delivered here by secretary geithner the speaker and me yesterday was not a serious proposal. >> i mean, it's--it's--it's--it was not a serious proposal. i think the debt crisis that we face requires us to make serious decisions. >> we're not playing a game. we're being serious. >> eliot: bottom line. let's hope there is a different script being played out behind the scenes. joining me now for some serious wisdom is staff reporter for mother jones andy kroll. thank you for joining me
today the president held a campaign style event in pennsylvania to tout his proposal in the fiscal cliff negotiations saying that the american people made their economic wishes clear on the election day. >> obama: this was a central questions in the election. maybe the central question in the election. you remember. we talked about this a lot. at the end of the day a clear majority of americans--democrats republicans, independents--they agreed with a balanced. >> eliot: republicans...
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cliff unless republicans bend on taxes. a comment by former democratic potential candidate howard deen frighted republicans that the debate is not just about raising taxes on the rich. >> the truth is everybody needs to take more taxes, not just the rich. that's a good start, but we're not going to get out of the deficit problem unless we raise taxes acss the board. to go back to what bill clinton had. >> now, some liberals pushed the president to invoke the 14th amendment claiming that gives him the executive power to raise the debt limit himself, but jay said today the white house studied that proposition and decided the president does not have that executive power meang we headed for another show down with congressver raising the debt ceiling. lou: the fiscal cliff and now a new ultimatum on the national debt ceiling. you suppose this is the last condition? >> it's going to be a wild couple of months, maybe everybody thought with the election over, there was going to be peace and fure all of this out, bui think we're jus
cliff unless republicans bend on taxes. a comment by former democratic potential candidate howard deen frighted republicans that the debate is not just about raising taxes on the rich. >> the truth is everybody needs to take more taxes, not just the rich. that's a good start, but we're not going to get out of the deficit problem unless we raise taxes acss the board. to go back to what bill clinton had. >> now, some liberals pushed the president to invoke the 14th amendment claiming...
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>> how i feel, i'm 100% confident we'll resolve the fiscal cliff pretty much a day or two before christmas. what is happening now the public posturing that has to happen in a negotiation so that each side can make their base happy as people move to the middle. once they get behind closed doors and recognize that they have enough good ideas on the table, they'll pick the best ones of those and meet somewhere in the middle to get us somewhere between where the president started and where the republicans would like to end up. i think that's what the american people want. i think what the president has tried to do is make sure that the american people understand what the impact will be if we don't reach a solution and, therefore, he's using that outside end strategy which he didn't use last time, which i'm glad he's using this time. >> we should note here for our viewers that you are a campaign contributor. you donated to the obama campaign. before we get out of here, i want your thoughts that the president is anti-business. a label that he has had to wear for some time now. what do you make o
>> how i feel, i'm 100% confident we'll resolve the fiscal cliff pretty much a day or two before christmas. what is happening now the public posturing that has to happen in a negotiation so that each side can make their base happy as people move to the middle. once they get behind closed doors and recognize that they have enough good ideas on the table, they'll pick the best ones of those and meet somewhere in the middle to get us somewhere between where the president started and where...
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also more americans are finally waking up to the fiscal cliff. december consumer sentiment nosedived to a five-year high, because of fiscal cliff fears. a spike in taxes would leave a lot less money lying around for the iphone or ipad. shares of apple fell 2%. >>> thanks to a study by the department of energy the u.s. may be closer to approve natural gas exports. data shows it could improve the economy by $47 billion in 2020. we need that. sounds like a win-win. we have the ceo of bright link oil and gas. chris, thanks for joining us. >> thank you. melissa: what do you make of this report? first of all, do you buy it? do you think it's possible? >> i do think it's possible and i'm glad to see it come out. what it really does now it shows over the 12 different scenarios that the government study investigated each one of those scenarios came back and said america will benefit and have a positive economic gain if we export lng offshore to europe, and or asia and to other countries that need our gas. melissa: we have so much natural gas unlocked as a
also more americans are finally waking up to the fiscal cliff. december consumer sentiment nosedived to a five-year high, because of fiscal cliff fears. a spike in taxes would leave a lot less money lying around for the iphone or ipad. shares of apple fell 2%. >>> thanks to a study by the department of energy the u.s. may be closer to approve natural gas exports. data shows it could improve the economy by $47 billion in 2020. we need that. sounds like a win-win. we have the ceo of...
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investors will be getting ahead of the fiscal cliff. but let's get another view of this. gary richards is a senior corporate tax partner. that's the point. these american companies who are evading taxes who the politicians want to come down on, they're doing nothing wrong. the problem lies in the uk tax code, isn't it? >> indeed. the uk tax code is complicated. and that in itself provides an opportunity for companies to plan. also some of what they want to do. it's very important to make this distinction between avoidance and evasion. evasion is illegal. avoidance is looking at the law and seeing what opportunities there are to minimize costs and tax is just another cost of doing business. >> so the long and the short of it is successive governments, whether they be coalition, torrey, labor governments have made a right mess. why is that this tone that is so complicated that creates all these opportunities for avoidance? >> it's because people have built anti-avoidance legislation on anti-avoidance legislation rather than actually thought about what they're trying to tax.
investors will be getting ahead of the fiscal cliff. but let's get another view of this. gary richards is a senior corporate tax partner. that's the point. these american companies who are evading taxes who the politicians want to come down on, they're doing nothing wrong. the problem lies in the uk tax code, isn't it? >> indeed. the uk tax code is complicated. and that in itself provides an opportunity for companies to plan. also some of what they want to do. it's very important to make...
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the deadline for the fiscal cliff is drawing near. you have to imagine that that was a large part of romney's discussions today both with president obama and with ryan. >> kristen welker at the white house, thanks so much. >>> we take you back on capitol hill where congressional leaders put much of their energy on the ongoing fiscal cliff negotiations. oklahoma representative tom cole who broke ranks with republicans by embracing president obama's plan to raise taxes on the wealthy stuck to his guns this morning. >> if we can give the american people an early christmas present, if they can listen to the debate instead of be worried that their own taxes are going to go up, i think that actually strengthens our hand. i haven't changed my mind. i'm not going to come out here and be disingenuous to people. i think it would be a step in the right direction. >> today john boehner expressed disappointment at where the negotiations stand. as our first read team points out, by siding with the white house tom cole may be helping boehner get the
the deadline for the fiscal cliff is drawing near. you have to imagine that that was a large part of romney's discussions today both with president obama and with ryan. >> kristen welker at the white house, thanks so much. >>> we take you back on capitol hill where congressional leaders put much of their energy on the ongoing fiscal cliff negotiations. oklahoma representative tom cole who broke ranks with republicans by embracing president obama's plan to raise taxes on the...
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listen, going off the fiscal cliff will hurt our economy and will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester, and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms, it's going to be impossible to address our country's debt crisis. and get our economy going again and to create jobs. so right now, all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. it's time for the president, congressional democrats, to tell the american people what spending cuts they're really willing to make. with that i'll take a few questions. >> speaker boehner, why will you not tell democrats what specific spending cuts you would like to see, especially within en titlements? >> it's been very clear over the last year-and-a-half, i've talked t
listen, going off the fiscal cliff will hurt our economy and will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester, and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms, it's going to...
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then it was the fiscal cliff. there is always something out there holding companies back. i think this means this is the new normal. we have a distrust of washington. we are not sure the economy will get better and it's kinds of every man for himself. alisyn: thanks so much. the economy is the focus of a debate in michigan where an historic employment bill is about to become law. mike tow tobin is live from chicago. >> reporter: the point republicans are trying to sell is this does not target collective bargaining. all the legislation does according to republicans is make optional union dues and union membership for everyone other than police and firefighters. union members say it attacks their foundation and in all places, michigan, the cradle of organized labor. >> you will have people that will be working right alongside of you that will not have to pay union dues that you pay union dues but will still be able to get all the benefits from being a union member. >> reporter: unlike the drawnout labor standoffs we have seen. this moved rapidly through the legislature durin
then it was the fiscal cliff. there is always something out there holding companies back. i think this means this is the new normal. we have a distrust of washington. we are not sure the economy will get better and it's kinds of every man for himself. alisyn: thanks so much. the economy is the focus of a debate in michigan where an historic employment bill is about to become law. mike tow tobin is live from chicago. >> reporter: the point republicans are trying to sell is this does not...
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with no agreement, going over the fiscal cliff would be painful. the automatic tax increases break down like this: households making $20,000 to $4,000 would see an increase in $1,200 a year. incomes of $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, there there is a code of silence the white house and speaker boehner's try to apply to these phone conversations, releasing as few details as possible to protect the underlying negotiations. nevertheless, cbs news has learned the following: the speaker and the president spoke before treasury secretary tkpwaoeugter in'sers.e.c.geithner's comments about going over the cliff, the conversation was described as brief, meaning shorter than the 28-minute conversation speaker boehner and the president had last week. also those familiar with the conversation tell me -- or do not used a skwrebgive thes like
with no agreement, going over the fiscal cliff would be painful. the automatic tax increases break down like this: households making $20,000 to $4,000 would see an increase in $1,200 a year. incomes of $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, there there is a code of silence...
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. >> arthel: lawmakers now have exactly one month to strike a deal to avoid the fiscal cliff. tax hikes affecting nearly all americans and across the board spending cuts set to kick in at the end of the year. so far both republicans and democrats are digging in on their demands and neither is putting forth a plan. >> i'm willing to move forward in good faith. our original framework still stands. instead of raising tax rates, we can produce similar amount of revenue reforming the tax code to close loopholes and lower tax rates. that's far better for the economy. >> the clock is ticking. the year is ending. it's really important with tax legislation for it to happen now. we're calling upon the republican leadership in the house to bring this legislation to the floor next week. >> arthel: let's bring in steve centanni with more. >> as you can see, the two sides are taking strong stands on principle, but aren't really getting any closer to a compromise as we speed toward that fiscal cliff. the president hit the road appearing at a pennsylvania toy factory yesterday and appealing f
. >> arthel: lawmakers now have exactly one month to strike a deal to avoid the fiscal cliff. tax hikes affecting nearly all americans and across the board spending cuts set to kick in at the end of the year. so far both republicans and democrats are digging in on their demands and neither is putting forth a plan. >> i'm willing to move forward in good faith. our original framework still stands. instead of raising tax rates, we can produce similar amount of revenue reforming the tax...
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. >> pelley: we asked chip reid to visit with a family staring over the fiscal cliff. >> reporter: sean and jody watson have four daughters ages five to 14 and know all too well the sacrifices and sleepless nights endured by middle-class families in a struggling economy. >> we don't go out to eat much. we don't spend-- we don't go to the movies much. >> we do a lot of thrift store shopping for my kids for clothes. >> reporter: shawn was unemployed for a year in washington state then two years ago he got a job as an accountant with the federal government so the family of six-- their savings depleted-- moved across the country to woodbridge, virginia. his salary of a little more than $70,000 is less than what he used to make. >> before we lost our job they were in-- two were in piano and we haven't been able to do things like that. >> reporter: what's the hardest part of this? >> for me it's my kids, knowing that i want more for them. my oldest, who's the one that's most aware of what we've been going through the last couple years she asked me recently, this summer, she's like "mommy, whe
. >> pelley: we asked chip reid to visit with a family staring over the fiscal cliff. >> reporter: sean and jody watson have four daughters ages five to 14 and know all too well the sacrifices and sleepless nights endured by middle-class families in a struggling economy. >> we don't go out to eat much. we don't spend-- we don't go to the movies much. >> we do a lot of thrift store shopping for my kids for clothes. >> reporter: shawn was unemployed for a year in...
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what do americans want to see in a fiscal cliff deal? >> the polls are at these num, the big sticking points, should taxes be raised on those making over $250,000 a taxes would be raised if there's no deal to avert the fiscal cliff. yesterday as you said, the president was in northern virginia meeting with a middle class family who would suffer if there was no deal. last week the president went to suburban philadelphia, to a small business again to make the point of his side in these fiscal cliff negotiations. different than a year and a half ago when the president dealt only with republicans in congress. this time he is taking the case to americans and getting outside of washington, d.c. congressional republicans not so happy that the president is doing this. >> we understand that. paul steinhauser live in washington, thank you. >>> let's talk more about the fiscal cliff. we have the washington correspondent for the new yorker and cnn contributor ryan lizza with us. john boehner and the president in a room, just the two of them. good id
what do americans want to see in a fiscal cliff deal? >> the polls are at these num, the big sticking points, should taxes be raised on those making over $250,000 a taxes would be raised if there's no deal to avert the fiscal cliff. yesterday as you said, the president was in northern virginia meeting with a middle class family who would suffer if there was no deal. last week the president went to suburban philadelphia, to a small business again to make the point of his side in these...
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just four in 10 americans believe washington will reach a deal by year's end to avert the fiscal cliff but nearly half do not think they will. that is according to this new poll released by the pew research center. let's get lou dobbs's take. he is gracious to join us at this time. >> great to be with you. how are you doing today? lori: doing well. melissa: you're so charming. lori: i get to sit next to him today. >> the fact of the matter is, that 40% is paying attention to president obama. he himself said, himself said, that he will, you know, he thinks two weeks really isn't adequate to do this thing correctly. let's just raise taxes. i mean the president himself is, he is a 40%. and he is a leader who is obviously not interested in reaching the conclusion before the end of this year. we're looking at some really, really sat efforts on the part of this white house and some outrage just demands and ultimatum. by the way i think the president has claimed this fiscal cliff for his own and i don't like quite understand why the national liberal media insists upon talking about, for examp
just four in 10 americans believe washington will reach a deal by year's end to avert the fiscal cliff but nearly half do not think they will. that is according to this new poll released by the pew research center. let's get lou dobbs's take. he is gracious to join us at this time. >> great to be with you. how are you doing today? lori: doing well. melissa: you're so charming. lori: i get to sit next to him today. >> the fact of the matter is, that 40% is paying attention to...
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other the fiscal cliff. there's still unresolved issues. >> what i don't get is if there are four murders in any town or city in this country, and on september 11th it was still unsolved, it would still be front page news. >> right. >> for some reason if we ask questions about it. >> you're obsessed with benghazi. >> we're obsessed or politicizing it, and the irony of it is the way to end the discussion is to give the information. all of it could be ended that way. >> where is the investigation? this is the longest-running investigation. columbo could have solved this by now. they didn't send the fbi until what was it, you were all over t. five weeks after the hit on september 11th. the fbi was still not on site. it's all just bizarre. >> that's why we need anna wintour. let's put her in charge of the investigation. maybe she'll get the answers. at least she'll be dressed well. >> tell me about your radio show. what's up with that? >> a lot of great speculation. a bit of a high day tus hiatus. i'll announce
other the fiscal cliff. there's still unresolved issues. >> what i don't get is if there are four murders in any town or city in this country, and on september 11th it was still unsolved, it would still be front page news. >> right. >> for some reason if we ask questions about it. >> you're obsessed with benghazi. >> we're obsessed or politicizing it, and the irony of it is the way to end the discussion is to give the information. all of it could be ended that way....
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washington, the potential fiscal cliff is expected to bring tax hikes and spending cuts it all americans, and what is really at stake when it comes to your home? and we're going to take a look at what could happen if lawmakers and the white house don't reach an agreement very soon. >> kelly: indeed, we will. plus, a man counting his blessings after coming face-to-face with a shark. . >> you know, you've got to look at this at like the emt told me on the way here, you could have had this or struck by lightning and the odds are about the same. [ male announcer ] alka-seltzer plus presents the cold truth. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fast acting decongestant to relieve your stuffy nose. [ sighs ] thanks! [ malennouncer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ]
washington, the potential fiscal cliff is expected to bring tax hikes and spending cuts it all americans, and what is really at stake when it comes to your home? and we're going to take a look at what could happen if lawmakers and the white house don't reach an agreement very soon. >> kelly: indeed, we will. plus, a man counting his blessings after coming face-to-face with a shark. . >> you know, you've got to look at this at like the emt told me on the way here, you could have had...
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>> well, just look at speaker boehner's fiscal cliff proposal. three-page letter with three simple bullet points. that's the entire proposal to deal with the fiscal cliff and starts out with the sentence that's remarkable, tamron. first sentence is because the election is a status quo, both sides have to compromise. they didn't see what happened. they just dismissed it as a status quo election and this is not just speaker boehner we eric cantor and paul ryan, kevin mccarthy. the entire house republican leadership signed on to the so-called fiscal cliff proposal letter. they're not serious about negotiating. i don't know the right wing and the tea party of who the republican party is nowadays but it's impossible to have a deal with one side refuses to compromise even after losing. they will not accept their own defeat. >> right. >> and that is the problem. >> a.b. let's play what congressman walter jones had to say on this boehner purge. i have the full screen of what he had to say when several members were removed as identified not being team pla
>> well, just look at speaker boehner's fiscal cliff proposal. three-page letter with three simple bullet points. that's the entire proposal to deal with the fiscal cliff and starts out with the sentence that's remarkable, tamron. first sentence is because the election is a status quo, both sides have to compromise. they didn't see what happened. they just dismissed it as a status quo election and this is not just speaker boehner we eric cantor and paul ryan, kevin mccarthy. the entire...